Living in Cloud-Cuckoo-Land?

It seems as if the KKSK has offered a compromise to big-fish debtors by giving debt repayment dispensations. But this is no ordinary compromise. It is brimming with risks.

January 15, 2002

EVER since 12 December 2001, the decision of the Financial Sector Policy Committee (KKSK)—to give big-fish debtors an extension of their debt repayment terms—has become a real hot potato. This comes at the same time as plans to raise fuel prices, which has led to hoarding of kerosene and queues wherever it's still on sale, as well as rises in electricity tariffs and the price of rice. Unless this situation is very closely monitored,

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